Though state and market are opposite in the traditional economics frame, comparative political economy replaces despotic power by infrastructural power to define modern state, thus offering a theory frame in which state and market collaborate interdependently. This theoretical perspective is helpful to handle the fact that the development of globalization and new economy require more energetic market and more active state both, and also offers a frame of positive-sum game to rethink the relationship of state and market in China's economic transformation.